Shell and Metlen Energy sign LNG supply and trading deal

The agreement covers 500 million to 1 billion cubic meters of LNG per year from 2027 to 2031.

Published on Feb. 25, 2026

Got story updates? Submit your updates here. ›

Metlen Energy & Metals PLC, an Athens and London-based aluminum producer and electricity generator, has signed a memorandum of understanding with Shell PLC to cooperate on the supply and trading of liquefied natural gas. The agreement covers the supply and trading of 500 million to 1 billion cubic meters of LNG per year from 2027 to 2031, with deliveries to Greece's LNG regasification facilities.

Why it matters

The deal strengthens Metlen's role in European natural gas markets and supports Greece's evolution into a key energy hub in the region, as the country aims to enhance its energy resilience.

The details

Under the agreement, Metlen and Shell will supply and trade around 500 million to 1 billion cubic meters of liquefied natural gas per year from 2027 to 2031, with deliveries to the Greek LNG regasification facilities in Revithoussa and Alexandroupolis.

  • The MoU was announced on February 25, 2026.
  • The LNG supply and trading agreement will run from 2027 to 2031.

The players

Metlen Energy & Metals PLC

An Athens and London-based aluminum producer and electricity generator that also invests in network infrastructure, battery storage, and other green technologies.

Shell PLC

A London-based oil major and one of the world's largest energy companies.

Evangelos Mytilineos

The Executive Chair of Metlen Energy & Metals PLC.

Got photos? Submit your photos here. ›

What they’re saying

“This MoU with Shell marks an important step in strengthening Metlen's role in the European natural gas markets. Our cooperation confirms our shared commitment to enhancing Europe's energy resilience, while supporting Greece's evolution into a key energy hub in the region.”

— Evangelos Mytilineos, Executive Chair, Metlen Energy & Metals PLC (marketscreener.com)

What’s next

The agreement is expected to be finalized and implemented from 2027 to 2031, with deliveries of 500 million to 1 billion cubic meters of LNG per year to Greece's LNG regasification facilities.

The takeaway

This deal strengthens Metlen's position in the European natural gas market and supports Greece's efforts to become a regional energy hub, underscoring the growing importance of natural gas in the transition to a more sustainable energy future.